Future of the Kenyan Defense Industry- Key Trends, Analysis of Leading Companies, Industry Values during the Forecast Period

This research report titled “Future of the Kenyan Defense Industry” - Market Attractiveness, Competitive Landscape and Forecasts to 2024 has been added to the wide online database managed by Market Research Hub (MRH). The study discusses the prime market growth factors along with future projections expected to impact the Future of the Kenyan Defense Industry during the period. The concerned sector is analyzed based on different market factors including drivers, restraints and opportunities in order to enlighten the readers about the actual scenario prevailing in the Future of the Kenyan Defense Industry

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Future of the Kenyan Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2024

Summary
"Future of the Kenyan Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2024", published by GlobalData, provides readers with detailed analysis of both historic and forecast defense industry values, factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies and key news.

The Kenyan defense market is valued at US$1.2 billion in 2019 and is anticipated to grow at a CAGR of 2.76% during the forecast period to reach US$1.3 billion by 2024. The Kenyan Governments military capability and capacity expansion plans, the need to effectively counter terrorist groups, and the countrys participation in various peacekeeping missions are anticipated to increase its military expenditure during the forecast period.

This report offers detailed analysis of the Kenyan defense industry with market size forecasts covering the next five years. This report will also analyze factors that influence demand for the industry, key market trends, and challenges faced by industry participants.

Scope
The report provides an in-depth analysis of the following - 
- The Kenya defense industry market size and drivers: detailed analysis of the Kenyan defense industry during 2020-2024, including highlights of the demand drivers and growth stimulators for the industry. It also provides a snapshot of the countrys expenditure and modernization patterns.
- Budget allocation and key challenges: insights into procurement schedules formulated within the country and a breakdown of the defense budget with respect to capital expenditure and revenue expenditure. It also details the key challenges faced by defense market participants within the country.
- Import and Export Dynamics: analysis of prevalent trends in the countrys imports and exports over the last five years.
- Market opportunities: list of the top ten defense investment opportunities over the next 5 years.
- Competitive landscape and strategic insights: analysis of the competitive landscape of the Kenyan defense industry.

Reasons to buy
- This report will give the user confidence to make the correct business decisions based on a detailed analysis of the Kenyan defense industry market trends for the coming five years.
- The market opportunity section will inform the user about the various military requirements that are expected to generate revenues during the forecast period. The description includes technical specifications, recent orders, and the expected investment pattern by the country during the forecast period.
- Detailed profiles of the top domestic and foreign defense manufacturers with information about their products, alliances, recent contract wins, and financial analysis wherever available. This will provide the user with a total competitive landscape of the sector.
- A deep qualitative analysis of the Kenyan defense industry covering sections including demand drivers, key trends and latest industry contracts.

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Table of Contents
1. Introduction
1.1. What is this Report About?
1.2. Definitions
1.3. Summary Methodology
1.4. About GlobalData
2. Executive Summary
3. Market Attractiveness and Emerging Opportunities
3.1. Current Market Conditions
3.1.1. Military fleet size
3.1.2. Procurement Programs
3.1.3. Key Drivers and Challenges
3.1.4. Corruption and lack of transparency hinder the growth of Kenyan defense industry
3.1.5. Small defense budget will act as an obstacle to foreign investors
3.2. Defense Market Size Historical and Forecast
3.2.1. Kenyan defense budget to grow at a CAGR of 6.10% during 2020-2024
3.2.2. Border security, threats from terrorist groups, peacekeeping missions, and the need to modernize outdated defense equipment to drive Kenyas defense expenditure
3.2.3. Defense budget as a percentage of GDP will average 1.3% over the forecast period
3.3. Analysis of Defense Budget Allocation
3.3.1. Share of capital expenditure is expected to increase during the forecast period
3.3.2. Capital expenditure is expected to record a CAGR of 34.5% over the forecast period
3.3.3. Kenyas per capita defense expenditure is anticipated to increase marginally over the forecast period
3.4. Homeland Security Market Size and Forecast
3.4.1. The homeland security market in Kenya is anticipated to grow at a CAGR of 0.64% over the forecast period
3.4.2. Human trafficking and illicit drugs trade to drive homeland security expenditure
3.5. Benchmarking with Key Global Markets
3.5.1. Kenyan defense expenditure is forecasted to grow at a steady rate
3.5.2. Kenya will continue to remain a small player in the global arms market
3.5.3. Defense budget as a percentage of GDP is expected to decrease marginally over the forecast period
3.6. Market Opportunities: Key Trends
3.6.1. Top 10 Defense market sectors by value (US$ Million) - Projections over period 2018-2023
4. Defense Procurement Market Dynamics

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